Hanwha Ocean Wins KRW 768.7bn WTIV Contract
6, February 2026
Hanwha Ocean secured a KRW 768.7 billion WTIV order from Ocean Wind Power II, with delivery set for the first half of 2028 to support Korea’s offshore wind projects.
Shipbuilding
China’s LNGC Package Deals Accelerate, Pressuring Korea’s Shipbuilders
5, February 2026
China booked 13 LNG carriers in January, driven by an integrated model linking finance, shipping and long-term charter demand, intensifying competitive pressure on Korean LNGC builders.
Jiangnan Shipyard Wins Four LNG Carrier Contract for Shell
2, February 2026
Jiangnan Shipyard secured a contract to build four 175,000 m³ LNG carriers for Shell charter, owned by Minsheng Financial Leasing, with delivery scheduled for 2028–2029.
Korea Shipyards Pressed to Extend Performance Bonuses to Outsourced Workers
2, February 2026
Unions in South Korea are pressing major shipyards to extend proportional performance bonuses to outsourced workers, citing widening pay gaps despite strong yard results.
Samsung Heavy Industries Back Above KRW 10 Trillion in Annual Sales
31, January 2026
Samsung Heavy Industries reported sales of 10.65 trillion won and operating profit of 862.2 billion won, returning above 10 trillion won annual revenue for the first time since 2016.
India and South Korea boost shipbuilding ties
26, January 2026
India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
Hanwha links Canada job pledge to submarine bid
23, January 2026
Hanwha Group says cooperation with Canadian partners and investment in shipbuilding, steel, AI and aerospace could generate around 200,000 jobs by 2040 as it competes with TKMS for a $12 billion submarine deal.
Hanwha Ocean wins Oceania LNG deal worth $498.8m
22, January 2026
Hanwha Ocean has signed a 738.3 bn won ($498.8m) contract with an Oceania owner for two LNG carriers and a $388.5m VLCC order from Asyad Shipping, lifting its 2026 newbuilding tally to about $890m.
OCEA to set up patrol boat yard in Philippines
22, January 2026
France’s OCEA plans its first Asian production base in the Philippines to build 35 m aluminium patrol cutters for the Philippine Coast Guard under a France-backed sovereign loan package.
